Business

About Business News...

Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.

Business, Fuel

US Oil Production Has Already Passed Its Peak, Occidental Says

America’s oil production will never again reach the record 13 million barrels a day set earlier this year, just before the pandemic devastated global demand, according to Occidental Petroleum Corp.

Kevin Crowley | Bloomberg News
October 14, 2020
Business, Technology, Safety

New Drivewyze Service Allows for Custom Safety Alerts, Driver Feedback

Drivewyze introduced a safety system Oct. 14 that allows fleets to add customizable driving alerts and analyze driver behavior.

Connor D. Wolf | Staff Reporter
October 14, 2020
Government, Business, Technology, Safety

Texas Officials Unveil Truck Inspection Facility Along I-10

The Texas Department of Public Safety has opened a technologically advanced truck inspection facility in Seguin, which straddles Interstate 10.

Eleanor Lamb | Staff Reporter
October 14, 2020
Government, Business

Stimulus Chances Fading as Mnuchin Cites Political Reality

The chances for a preelection stimulus for the U.S. economy from Congress are all but over, with Treasury Secretary Steven Mnuchin on Oct. 14 pointing to political dynamics undermining the monthslong negotiations.

Billy House | Bloomberg News
October 14, 2020
Business, Technology, Equipment, Fuel

Cummins Set to Produce 2021 EPA-Compliant On-Highway Engines Jan. 1

Cummins Inc. announced its 2021 heavy-duty X12 and X15 series engines that are Environmental Protection Agency emissions-compliant are in limited production with full production scheduled for Jan. 1.

Roger Gilroy | Senior Reporter
October 14, 2020
Business

VW’s Traton Unit Sets Deadline for Navistar to Accept Offer

Volkswagen AG’s heavy-truck division set a deadline for Navistar International Corp. to accept its takeover bid, ratcheting up pressure on the U.S. manufacturer to decide on a $3.6 billion deal.

Christoph Rauwald | Bloomberg News
October 14, 2020
Government, Business

Wisconsin Leaders Allocate $129 Million in Aid for Local Governments

Wisconsin officials announced $129.6 million in transportation aid has been directed to local government agencies.

Eleanor Lamb | Staff Reporter
October 14, 2020
Business, Technology, Logistics, Top 50

DHL Supply Chain Helps to Bolster Operations at Manheim Logistics

DHL Supply Chain detailed Oct. 13 how it plans to use its technology and resources to help bolster operations at Manheim Logistics.

Connor D. Wolf | Staff Reporter
October 14, 2020
Government, Business, Logistics

Vaccine Cargo Cavalry Sizes Up Readiness of Historic Airlift

The medical industry’s dash to produce the world’s first coronavirus vaccines in just a few months is heightening the urgency for the workhorses of global trade to be ready for the historic charge to defeat the disease.

Brendan Murray | Bloomberg News
October 14, 2020
Government, Business, Technology, Safety

DOD Contractors Face Oct. 23 Deadline to Purge Chinese Tech

The U.S. Department of Defense has issued a reminder to defense contractors that they have until Oct. 23 to certify they are not using the technologies of five Chinese providers suspected of hacking into sensitive government files.

Eric Miller | Senior Reporter
October 14, 2020